Weak reception for Airtel Africa $750m IPO
Shares in Africa’s second biggest telecom company had a disappointing start in conditional trading on the London Stock Exchange today. The initial public offer had …
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Shares in Africa’s second biggest telecom company had a disappointing start in conditional trading on the London Stock Exchange today. The initial public offer had …
Investors in Africa’s technology unicorn company Jumia have had a bucking bronco ride since it listed American Depository Receipts (ADRs, representing shares) on the New …
Airtel Africa has confirmed that it is going ahead in June 2019 with its $750 million listing on the main market of the London Stock …
Telecommunications firm MTN Nigeria has had strong days of trading since it joined the Nigerian Stock Exchange in a listing by introduction on 16 May. …
By Gerald Gondo, Business Development Executive, RisCura Never before has the need for infrastructure felt so immediate and acute. This became apparent to me as …
Ethiopia has set itself a tight timetable for economic reform, including privatization of telecoms by the end of 2019 and a domestic stock exchange by …
Africa-focused companies raised $2.17 billion via 18 share offers (IPO) and listings in 2018, but the number is down 25% from $2.89bn raised in 2017 …
++ STORY UPDATED AFTER ARTICLE IN SUNDAY TELEGRAPH IN UK ON 3 FEB 2019 ++ Airtel Africa, a UK-based company, is on track for an …
A packed room of businesspeople and investors assembled in London on 16 October to hear about opportunities and news at the UK-Ethiopia Trade & Investment Forum 2018. Leader of the delegation was Arkebe Oqubay, Economic Advisor to the Prime Minister, who gave a detailed overview of events of the last 6 months and the big ambitions driving Ethiopia.
African tech superstar Alysia Silberg (General Partner, Street Global Venture Capital) says African policymakers keen to boost investment into Africa’s fast growing tech sector can focus on 12 investment questions asked by Silicon Valley.
Africa’s $372bn pension fund assets – do they facilitate inclusive growth and social stability? Is the money well invested, including capital markets and equities, private equity and infrastructure development? Bright Africa report by RisCura.
Roundup of recent African share listing news including Old Mutual’s move back to Johannesburg, Grit Real Estate Income Group and ASA International microfinance debut on the London Stock Exchange debut, a green bond in Nigeria and the 9th listing on South Africa’s A2X Markets exchange.
Roundup of African share offers (IPOs) for investors, including CIPLA-QCI closing 24 Aug in Uganda, Giza Spinning and Weaving in Egypt and telco MTN listings in Uganda, Ghana and Nigeria.
Zimbabweans have a second option for regulated securities trading: Financial Securities Exchange (Private) Limited (FINSEC) is licensed by the Securities and Exchange Commission of Zimbabwe as a securities exchange (alternative trading platform).
One of Africa’s biggest economies. Ethiopia, announced a transformational liberalization and privatization campaign. But there is no Ethiopian stock exchange, limiting participation by citizens and domestic savings funds, and cutting transparency.
Africa’s £1.98 billion ($2.68bn) megalisting Vivo Energy (VVO) soared in its first 2 days of trading on the London Stock Exchange (dual-listed in Johannesburg ) on 10-11 May after a successful initial public offer (IPO) raised £548m.
There are 108 African companies listed or trading on the London Stock Exchange with total market capitalization of over $200 billion ($271bn). In the last 10 years they have raised more than $16 bn on London’s markets.
Brexit, the UK’s decision to leave the European Union, is having a global ripple effect. Will Brexit affect initial public offerings (IPOs) in Africa?
“African economies have been resilient and gaining momentum. Real output growth is estimated to have increased 3.6% in 2017 and to accelerate to 4.1% in 2018 and 2019″ says African Economic Outlook 2018 report released by African Development Bank on 17 Jan.
African share issuers have raised $1.4bn in 2017 through initial public offers (IPOs) of shares, compared to $1.2bn in 2016.
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